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Course Description

A supply chain is a network of locations that store and ship inventory. Each location within a supply chain has associated inventory holding and shipping costs, which impact that location’s efficiency. As an analyst, knowing how to determine the cost performance of individual supply chain locations can help you make better decisions for managing inventory flow. In this lesson, you will focus on evaluating a single supply chain location. First, you will explore how the different types of inventory at each location impact reordering timelines and act as a buffer against supply and demand fluctuations. Next, you will calculate transportation costs and discover how approaches such as the so-called “truck consolidation strategy” can reduce shipping costs. For the best result, complete "Optimizing Inventory Management: Determine the Optimal Inventory Level for Replenishment" prior to taking this lesson.

Benefits to the Learner

  • Investigate the role of various inventory types in preventing supply shortages
  • Calculate the total supply chain costs to maximize supply chain efficiency
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Type
self-paced (non-instructor led)
Dates
Sep 28, 2023 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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